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Storage solutions manufacturer $WDC said it has closed its offerings of $1.875Bil aggregate principal amount of 7.375% senior secured notes due 2023 and $3.35Bil aggregate principal amount of 10.500% senior unsecured notes due 2024. $WDC will use the proceeds to finance the merger with SanDisk, refinance indebtedness and pay fees and expenses.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.